Login or request a free trial

ASIC bans Melbourne mortgage broker

The Australian Securities and Investment Commission has imposed a permanent ban on a mortgage broker who submitted false material in a licence application and falsified documents in a loan application.ASIC has cancelled the credit licence of Star Alliance Financial Services, as well as banning its director, Prasanna Indrajith Wijesekara.Star Alliance's credit licence application failed to state that AMP Bank had cancelled Wijesekara's accreditation as a broker.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day